Insights

 

CIO Vantage Point
August 02, 2012 Posted by
The FOMC met this week and left the markets unsatisfied with lack of action.  The problem is not with the Fed, though, but elsewhere in Washington.
Read More
0 Comments | Join the Discussion

Economic Outlook
July 27, 2012 Posted by
This week's Top 8 includes: The ECB, Hilsenrath, Moody's, home prices, GDP, Stockton, and next week's FOMC.
Read More
0 Comments | Join the Discussion

CIO Vantage Point
July 25, 2012 Posted by

In the classic "Rebel Without a Cause," our teenage hero agrees to a "chickie run" where he and Buzz the bully race toward a cliff in stolen cars to see who will bail out last.  Unfortunately for Buzz, an entanglement of his jacket sleeve on the car door ends his short, tyrannical life. A similar drama is playing out today in Washington as the U.S. economy speeds toward the "fiscal cliff" that could be reached on New Year's Day. 

Read More
0 Comments | Join the Discussion

CIO Vantage Point
July 20, 2012 Posted by

The Top Eight this week includes: IPOs, rising Spanish yields, Bernanke speaks, KKR, IMF, anecdotes on the economy, the IRS, and HOAs.

Read More
0 Comments | Join the Discussion

Economic Outlook
July 17, 2012 Posted by
Food prices have been on a tear lately.  In fact, grain prices are up 17 percent this month and look poised to rise further as the extent of this year's drought looks to be extreme. This story has legs because it is a dramatic increase in the cost of something we all need (a Google search for "food prices" restricted to the most recent 24 hours returns nearly 16 million hits).  But does it really matter to overall inflation?
Read More
0 Comments | Join the Discussion

CIO Vantage Point
July 13, 2012 Posted by
1. Germans oppose further bailouts.Forty-one percent of respondents are "seriously concerned" about social unrest and fifty-four percent believe it is "almost futile" to try to save the euro.Though an unscientific poll, given the other sixteen euro countries seem to be looking to Germany, the results are certainly understandable.2.The EU softens qualifications for Spain's most recent bailout.The deadline for Spain to improve its deficit was extended by one year to 2014 after a deal was struck to provide €100 billion to the country's banks.Kick of the can" number 4,312.In other news, Moody's downgraded Italy by two notches to Baa2.
Read More
0 Comments | Join the Discussion

CIO Vantage Point
July 13, 2012 Posted by
For those of you old enough to recall this line from SNL (nearly thirty years old, I'm afraid), the first sentence in the linked article will likely bring a chuckle: "France is ready to cede sovereignty to its European partners…" Though the country is not in any real fiscal trouble, European Affairs Minister Bernard Cazeneuve felt confident enough to make this statement implying France is ready to report to a council of some sort, run by all 17 members of the euro zone.
Read More
0 Comments | Join the Discussion

CIO Vantage Point
July 06, 2012 Posted by
1. UK lawmakers set up inquiry on LIBOR issue. Early next week, a showdown between a Bank of England and a Barclays official will ensue.The question on hand is: Did the Bank of England encourage Barclays to submit artificially low rates in the LIBOR rate-setting process? Recall during the height of the crisis how worried everyone was about the banking industry? This does not seem so implausible.
Read More
0 Comments | Join the Discussion